5. 7. 5. Bob budgets $24 a week for entertainment. He splits his time between going to the movies and going to the gym. Based upon the information contained below, find Bob's utility maximizing point....

Extracted text: 5. 7. 5. Bob budgets $24 a week for entertainment. He splits his time between going to the movies and going to the gym. Based upon the information contained below, find Bob's utility maximizing point. First: Complete the budget constraint. (Determine what combinations are possible.) Income: $24 Movie Price: $6 Gym Session Price: $3 Movies Gym Sessions Second: Complete this chart and use it to determine the utility maximizing point. Total MU MU per $ Gym Total MU Visits Utility Movies MU Utility per $ 0. 30 1 2, 50 5 85 76 115 4 92 4 107 111 114 5. 103 91 115 6. Thinking laterally: Forlunch. Maria eats onlv salads or vegetarian burgers, Her weekly fond bud sh (United States) 234 5